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The World's Biggest Financial and Offshore Centers
(2003-2005)This table ranks the largest financial and offshore centers by banks’ external assets. Major offshore centers are in bold.
(created by Tobias Schiedermair, May 2006) Sources
Data on Financial Assets: Bank for International Settlements (2006) Data on GDP: CIA World Factbook (2005) Table notes:
(1) including international banking facilitites (IBFs). IBFs allow depository institutions in the United States to offer services to foreign residents and institutions free of some Federal Reserve requirements and some state and local income taxes.
(2)including the Japanese offshore market* GDP Estimates for 2004
** GDP Estimates for 2003
The data are based on the residence of the bank and therefore measure the activities
of all banking offices residing in each reporting country.
Numbers include banks that report to the Bank for International Settlements. This includes banks residing in Australia, Austria, the Bahamas, Bahrain, Belgium, Bermuda, Brazil, Canada, Denmark, Finland, France, Germany, Greece, Guernsey, Hong Kong SAR, India, Ireland, Isle of Man, Italy, Japan, Jersey, Korea, Luxembourg, Mexico, the Netherlands, the Netherlands Antilles, Norway, Panama, Portugal, Singapore, Spain, Sweden, Switzerland, Taiwan (China), Turkey, the United Kingdom and the United States.
Numbers include international transactions between the banks and any of their own affiliates. Additional information:
Detailed information on breaks in series in the locational banking statistics are available on the BIS website under http://www.bis.org/publ/breakstables.pdf.
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